Option to Repurchase. Subject to and in accordance with the procedures and provisions of Section 9.9 of the Agreement, the City has the right, at its option, to purchase and take possession of the Property, or portion thereof, with all Improvements thereon, and revest in the City the estate conveyed to Developer, in the event of a default arising under and specifically described in Section 9.9 of the Agreement.
Appears in 3 contracts
Sources: Sales and Disposition Agreement, Disposition and Development Agreement, Disposition and Development Agreement